NGX Group Enhances African Investment via Dangote Refinery
Nigerian Exchange Group Plc (NGX Group) and its partners are promoting cross-border investment collaboration among African capital markets through engagements linked to the Dangote Petroleum Refinery and Petrochemicals FZE offer. These discussions occurred in Cairo and Addis Ababa on October 15, 2026, focusing on enhancing market infrastructure and institutional partnerships to improve investment access and mobilize African capital for industrial development.
The engagements were hosted by the Egyptian Exchange (EGX) and the Ethiopian Securities Exchange (ESX), bringing together exchange leaders and financial institutions. Temi Popoola, Group Managing Director and CEO of NGX Group, addressed the structural barriers limiting investment flows across Africa.
Aliko Dangote, President and CEO of Dangote Industries Limited, emphasized the refinery's role in strengthening Africa's productive capacity. Alhaji (Dr.) Umaru Kwairanga, NGX Group Chairman, called for sustained cooperation to enhance cross-border investment.
Discussions in Cairo also explored the potential of Egyptian Depositary Receipts for accessing African businesses.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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